Leo Francis: off topic: LEIX. Tough call for me. Plusses are insider buying at current levels, stock at low price -- and looks like at a low in a general trading range between 4 and 7. Also, increasing year over year sales and low p/sales ratio compared to past five years. But stock has had an erratic earnings history. I'd personally consider LEIX more favorably if I could buy at book value -- 2.9 -- where it has traded before. I see per Yahoo, that you've been following LEIX, so of course, I will defer to your knowledge and familiarity with the company, its products, management, etc. Without having this knowledge, and based on the numbers I see (per Yahoo), it's hard for me to develop in my own mind a 'margin of safety'. Still, those plusses are very strong, and I could see the stock doubling from current levels.
Funny how a month makes a difference. With the market down and so many small caps (100m market caps)at such lows over the past month, it's harder for me to come to a buy decision with them. Probably something to do with the down, down nature of some of these stocks (which means my increase in fear); possibly also maybe because there are just so many, many stocks that are now value priced (well, IMO) that something really has to stand out from the crowd now to catch my attention.
In any case, good luck with your investment in this one. Paul Senior |
